Scotiabank
June 9, 2026
Global Auto Report
Monthly UpdateEquitiesMacro Economic IndicatorsConsumer Discretionary
Global auto sales maintained a rebound through April 2026, though North American markets show signs of stabilizing sideways due to inflation pressures. Higher oil prices remain a significant headwind for the 2026 sales outlook across major regions.
Key Takeaways
- 1.Global auto sales continue a rebound into Q2, though regional growth remains mixed.
- 2.Canadian and US auto markets are trending sideways as inflation pressures, driven by higher global oil prices, persist.
- 3.Central banks in Canada and the US are expected to maintain current policy rates through the summer, with potential rate cuts or hikes contingent on inflation assessments.
Table of Contents
- May Auto Sales: Stability After Spring Rebound
- CANADA: AUTO SALES MOVE SIDEWAYS AFTER SPRING REBOUND
- UNITED STATES: AUTO SALES HOLD STEADY AS INFLATION PRESSURES BUILD
- GLOBAL AUTO SALES: SALES CONTINUE TO REBOUND INTO Q2
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Authors
John Fanjoy
Themes
Auto Sales StabilizationInflationary Pressure from OilMonetary Policy Stance
Regions
North AmericaEuropeAsia PacificCanadaUnited StatesMexico